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Economics

Reports, events, figures, and everything related to economics.

The Bitcoin explosion during coronavirus

Bitcoin has seen tremendous surges in recent weeks, reaching over $ 40,000. An astonishing explosion in 2021, a year when the COVID-19 pandemic undermined the economy. How does bitcoin's explosion of its value explain? This is not the first time that the price of bitcoin has soared. Already in 2017, we experienced a similar scenario. This time, the price explosion is due to more fundamental elements, including the acquisition of Bitcoins by world-renowned institutions such as PayPal or JP Morgan. The entry…

Bitcoin price is reaching its peak of recovery…What are the causes and repercussions?

Bitcoin prices rose astonishingly from about 6 cents - almost 11 years ago - to more than 34.000 US dollars early this year, to record their highest levels ever. Bitcoin prices have increased by more than 300% over the past year, 50% last month, and 10% in the first days of this year only. Whereas the number of Bitcoin units in circulation currently stands at approximately 18 million 590 thousand and 169 units and taking into account the value of Bitcoin at its maximum increase these days, the market value of…

Brexit … this is what will change and what will remain the same after the new agreement

The European market will be open to goods coming from the United Kingdom without customs duties under the current December 24 agreement, which stipulates the need for London to adhere to a package of obligations that leads to breach of trade sanctions. The text of the agreement concluded between the United Kingdom and the European Union includes more than 1500 pages, and because it has not been published yet, it is difficult to analyze its details. In an article published in the French newspaper, La Croix, Alain…

Here are the 10 countries with the strongest economic growth in 2020

Despite the adverse effects of the coronavirus pandemic on the global economy, some countries have managed to stay afloat and maintain positive growth. A Bloomberg report lists ten countries with unexpectedly rapidly growing economies. African economies appear to have outperformed the rest of the world during the coronavirus pandemic, as seven of the ten countries on the list are located on the continent. Here are the countries with the strongest economic growth: 1. Bangladesh 2. Ethiopia 3. Vietnam 4.…

1 bitcoin with 23.624 dollars the highest level ever

The price of the most popular virtual currency bitcoin hit a new record in trading today, Thursday, at $ 23,624,000, amid increasing demand for high-risk investments. Investors found virtual currencies a feasible investment tool after the decline in gold prices and the dollar; Which made it over the past eight months a safe haven for dealers due to the Coronavirus. Bitcoin's price has risen by 209% since the beginning of this year, up from $ 7,208 per unit at the end of the 2019 sessions. The number of traded…

Hyundai has proclaimed the acquisition of Boston Dynamics

South Korean company Hyundai has proclaimed the purchase of a controlling stake in Boston Dynamics, which develops robots and is currently owned by the Japanese holding SoftBank. The last terms of the deal which were rumored in November, stipulate that Hyundai will buy about 80% of Boston Dynamics, while SoftBank will keep the remaining stake in the company. The parties estimated the entire company at $ 1.1 billion, which means that SoftBank will receive about $ 880 million. The day before, The Korea Economic Daily,…

New taxes from France on US technology giants

French tax authorities have begun to send notifications to large American companies about the need to pay a new tax for technology giants . The Financial Times writes about this. This is a tax of 3% for technology companies with an annual turnover exceeding 750 million euros worldwide and 25 million euros in France. The decision to introduce such a tax was made early last year. The United States soon announced that the tax would have to be paid mainly by American companies, including Google, Facebook, and Amazon. In…

The state of the world economy…Coordinated slowdown and uncertain recovery

The International Monetary Fund (IMF) has lowered its global growth forecast for 2019 to its lowest level since the financial crisis, amid continuing trade disputes that have affected business and investment confidence, warning that the global economy is experiencing a "coordinated slowdown and uncertain recovery." The IMF also lowered its growth forecasts for Saudi Arabia and Iran, the two largest economies in the Middle East, on the back of U.S. sanctions, regional tensions, and falling oil prices. The…

A partial trade agreement between America and China is on the horizon

U.S. President Donald Trump announced that the United States and China had reached a partial trade deal, the first tangible de-escalation in the months-long trade war between the two largest powers. Global economic growth. "We have reached a very substantial first-phase agreement," President Trump told reporters at the White House after a meeting with Chinese Vice Premier Liu He. The deal includes China's agreement to buy $40 billion to $50 billion worth of U.S. agricultural products and a commitment to open up more…

WTO gives Trump green light to tax European products

The World Trade Organization (WTO) has authorized the United States to punish European countries, including France, Germany, the United Kingdom, and Spain, which are the most targeted for a good reason, according to the Geneva institution, because they paid subsidies illegally to the European Airbus. This final and indisputable decision will allow the Trump administration to bail out its coffers at 7.5 billion dollars (6.9 billion euros), customs duties on imports from these countries. These taxes apply every year until…

One hundred international companies set up in the Netherlands because of Brexit

flag of the NetherlandsAbout one hundred international companies have set up operations in the Netherlands since the Brexit referendum in June 2016 and another 325 are interested in such a move, following the uncertainty surrounding the divorce between London and Brussels.British companies have great interest in moving to the Netherlands, but firms in North America, Asia and Australia are also considering this possibility, said Monday the Netherlands Foreign Investment Agency "NFIA" ."The growing uncertainty in the…

Trump hints at French wine tax before flying to G7

US President Donald Trump again threatened Friday to impose additional tariffs on French wines before flying to Southwest France where he must attend the G7 summit.Accompanied by his wife Melania, Mr. Trump left the White House shortly after 11 pm (Saturday 3 pm GMT).Claiming to expect "very productive" talks at the Biarritz summit, he nevertheless brandished, during an exchange with journalists, the threat of retaliation for the imposition of a French tax on the American giants of the sector. high technologies."I do not…